Bajaj Hindusthan Sugar Limited (NSEI:BAJAJHIND) acquired 5.04% stake in Bajaj Power Ventures Private Limited for INR 4.5 billion on March 23, 2023. Under the consideration, Bajaj Hindusthan Sugar will issue Zero coupon Optionally convertible debentures (ZOCD) of INR 4.4554 billion from Lambodar Stocks Private Limited. Bajaj Power Ventures has turnover of INR 70.4831 billion, and net worth of INR 59.6332 billion as of March 31, 2022.

Bajaj Hindusthan Sugar Limited (NSEI:BAJAJHIND) completed the acquisition of 5.04% stake in Bajaj Power Ventures Private Limited on March 23, 2023.